News in that the UK has had another negative quarter and for once Balls is right about something. He has said that the Chancellor needs to recognise his plan isn't working and that he needs to change tack and this is right. Whilst Osborne has talked about cuts the government has continued to borrow ever more money, so the Chancellor is actually doing what Balls has always proposed; ignore the crisis and just keep spending.
This however isn't working and so Osborne must do what he said he was going to and cut back spending. He could dodge the comedy bullets of Labour and its Union controllers, by just cutting what we don't need rather than let the Leftie bureaucrats of the Blair era pick where to cut; always the important front line.
That Osborne is starting to talk of reducing subsidies to companies employing MP's (yes Tim Yeo, that means you), is a good sign but not enough. He needs to become a realist. This means asking why we are in the EU. There isn't an answer to that. Why do we believe Green lobbyists wailing about the end of the World? We didn't pay much attention when the sandwich board man said the same thing, with identical justification.
There is no Man Made Global Warming, or Climate Change, so yes, ditch all the costly crap about carbon credits, subsidy and 'renewables' and just start using shale gas. Even then we need a miracle of government to see them ensure the massive (like 50%) drop in energy costs are passed on to consumers.
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